iShares Exponential Technologies ETF (BXTC39)

Overview

The fund is designed to offer investors exposure to the financial markets by closely tracking the performance of a specific underlying index, which is a subset of the Morningstar Global Markets Index, referred to as the “Parent index”. This strategy involves the fund investing at least 80% of its assets in the securities that make up the underlying index, as well as in other investments that mimic the economic characteristics of the index's component securities. This investment approach aims to replicate the performance of the underlying index as closely as possible, offering investors a way to invest in a broad array of securities through a single investment vehicle.

Products and Services

• Index Fund Investing

The primary service offered by the fund is index fund investing, which entails pooling investors' money to purchase a portfolio of assets that mirrors the composition and performance of the fund's underlying index. By investing in a blend of securities that are identical or substantially similar to those in the selected index, the fund strives to achieve returns that closely track the index's performance. This method of investing offers the advantages of diversification, lower costs, and the potential for stable returns over the long term.

• Economic Characteristic Mimicking Investments

Beyond direct investment in the component securities of the underlying index, the fund also engages in investments that have economic characteristics that are substantially identical to those securities. These may include derivatives or other financial instruments that mimic the performance of the underlying index’s components, allowing the fund to achieve a similar investment outcome as if it had invested directly in the index components. This strategy is used to enhance liquidity, manage risk, and potentially increase returns, while still maintaining the fund’s overall investment objective.